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Canada Energy Regulator forecasts 6.6% drop in Canadian oil production this year
CALGARY — The Canada Energy Regulator says its expects oil production in Canada will average 4.38 million barrels per day this year, down by 6.6 per cent compared with 2019.
Aug 18, 2020 3:37 PM
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Canadians taking steps to avoid credit card debt, despite economic pressure
Taking on more credit card debt has not been part of the COVID-19 pandemic plan for many Canadians, data from TransUnion Canada on Tuesday suggests. The credit reporting agency said in a quarterly report that credit card balances fell 12.
Aug 18, 2020 3:16 PM
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S&P/TSX composite down on energy weakness, U.S. stock markets mixed
TORONTO — Canada's main stock index closed in the red Tuesday as energy weighed down the index, while the S&P 500 hit a record high. "There's a very distinct story in the markets today and that's largely one of the divergence between the U.S.
Aug 18, 2020 3:06 PM
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Morneau's successor faces challenges amid pandemic spending, unemployment
Canada's next finance minister faces a serious challenge as the country charts its way through the most difficult economic circumstances since the Great Depression.
Aug 18, 2020 2:47 PM
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Virus-induced spending spurs sales at Home Depot, Walmart
NEW YORK — Americans turned to Walmart and Home Depot for supplies and do-it-yourself projects as they stayed close to home at a time when new cases of virus surged, resulting in soaring sales for their fiscal second quarter.
Aug 18, 2020 1:47 PM
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PetroTal aims to restart Peru oilfield by end of August after violent protests
Calgary-based PetroTal Corp. says it expects to restart production by month's end at its Bretana oilfield in Peru after it was closed last week due to violent civil unrest.
Aug 18, 2020 1:36 PM
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Ontario Teachers' invests in warehouse robotics firm inspired by ant colonies
CALGARY — A Calgary-based firm that bases its warehouse robotics system on the structure of ant colonies says it has attracted US$50 million in funding from a group led by the Ontario Teachers’ Pension Plan Board.
Aug 18, 2020 10:52 AM
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Path to Home Depot becomes familiar for millions in pandemic
Millions of people forced to work out of the office during the pandemic took on new projects at home and Home Depot is supplying a lot of the DIY material they need. At Home Depot stores open at least a year, sales surged an remarkable 25% in the U.
Aug 18, 2020 9:59 AM
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How COVID-19 is changing back-to-school shopping and budgets
TORONTO — Vonny Sweetland has yet to decide if he will be sending his 12-year-old sister Josephine back to class in September, but just in case he does, he's been stocking up on supplies for months.
Aug 18, 2020 9:36 AM
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Texas suitor urges Calfrac shareholders to reject management restructuring plan
CALGARY — A Texas suitor for Calgary-based Calfrac Well Services Ltd. is urging shareholders to reject a management recapitalization proposal favoured by its senior debtholders.
Aug 18, 2020 9:32 AM
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